The terms of the settlement have not been disclosed, but Brown
was seeking an extraordinary amount in damages (think upwards of
$500 million). Snapchat co-founder Evan Spiegel previously stated
in a deposition that
Brown may deserve" something" for some of his early work on
Snapchat.

LOS ANGELES--(BUSINESS WIRE)--Frank Reginald (“Reggie”)
Brown, IV, and Snapchat, Inc., along with its CEO, Evan Spiegel,
and CTO, Robert Murphy, announced today that they have settled
their dispute over Mr. Brown’s claim of an ownership interest in
Snapchat on mutually agreeable terms. The settlement resolves
Brown’s suit filed in the Superior Court of Los Angeles, as well
as all other disputes between the parties. The terms of the
settlement are confidential.

Reggie Brown originally came up
with the idea of creating an application for sending disappearing
picture messages while he was a student at Stanford University.
He then collaborated with Spiegel and Murphy on the
development of Snapchat during its early and most formative
days.

Discussing the settlement, Spiegel said, “We are pleased that we
have been able to resolve this matter in a manner that is
satisfactory to Mr. Brown and the Company. We acknowledge
Reggie’s contribution to the creation of Snapchat and appreciate
his work in getting the application off the ground.”